When There Is a Temporary Sharp Increase in the Price

question 90

Multiple Choice

When there is a temporary sharp increase in the price of oil,which curves will shift left?

• A)both SRAS and LRAS
• B)SRAS
• C)LRAS
• D)neither SRAS nor LRAS

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Definitions:

Stress

A physical or psychological response to internal or external pressures or challenges.

Strains

Refers to the physical or psychological stress and pressure that can arise from challenging or adverse conditions, often leading to negative health outcomes.

Realistic Job Previews

A technique used in the recruiting process that provides potential employees with a truthful view of what working in the job will be like, including both positive and negative aspects.

Job Candidates

Individuals who apply for or are considered for specific job openings within an organization.